StockX hit back at Nike Inc (NYSE:NKE) over allegations it has been passing off fake trainers as genuine as an on-going legal battle between the online retailer and sportswear giant turned increasingly bitter.
The online resale marketplace defended its anti-counterfeiting measures and claimed Nike had praised them in the past, a draft of a court filing seen by the CNBC read.
It is due to be filed in the US District Court on Monday.
Scott Cutler, StockX chief executive, said: “Nike’s recent allegations lack merit, demonstrate a lack of understanding of the modern marketplace, and display anticompetitive behaviour that will stifle the secondary market and hurt consumers.
“We look forward to defending our reputation and understanding why Nike, which once sought to collaborate in combatting counterfeits, now seeks to undermine StockX’s business model.”
This legal battle started over non-fungible tokens (NFTs) in February when Nike accused StockX of violating trademarks with NFTs of its trainers.
Nike added to this in May in an amended complaint, saying it was allowed to buy four pairs of fake shoes from StockX that had been verified as real.